Introduction Essentially, the Proposed Law aims to widen the applicability of income tax on Residents and Non-Residents who enter into any business, investment, or property-related transactions. It also aims to bring the income tax regime in line with international best practices by removing ambiguities vis-à-vis taxable persons,  taxable income, tax base, exemptions, deductions, etc. This short note highlights the major provisions under the Law. Legal or Natural Resident As the income tax applies to non-Saudi persons, the first and foremost issue relates to defining the Legal and Natural Resident and Non-Resident Persons. The Proposed Law distinguishes not only residents and non-residents but also defines in greater detail Legal Resident Persons (Legal Person) and Natural Resident Persons (Natural Persons). Legal Resident

A Comprehensive Overview of the Game-Changing Real Estate Landscape The Saudi real estate market is experiencing a transformative wave with the introduction of the “Real Estate Market” platform by the Ministry of Justice. This digital platform aims to enhance transparency, and efficiency, and reduce the risk of fraud, marking a significant shift in how property transactions are conducted in the kingdom. In this comprehensive article, we will delve into the diverse facets of the Saudi real estate landscape, the economic factors influencing it, the challenges faced, and the potential impact of the “Real Estate Market” platform. Additionally, we will explore the legal considerations associated with this groundbreaking platform and offer insights into its future projections The Saudi Real Estate Landscape

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The guide is intended to provide a concise, accessible overview of the practical issued involving dispute resolution across the region.